MARMarriott International, Inc.

$86B

Q3 2018 Earnings

Consumer Cyclical Travel Lodging

Income Statement

Revenue

$5.1B-0.5% YoY

Gross Profit

$881M17.4% margin

Operating Income

$596M11.8% margin

Net Income

$503M10.0% margin

EPS (Diluted)

$1.43

QoQ Revenue Growth

-6.6%

Cash Flow

Operating Cash Flow

$695M

Free Cash Flow

$621M

Stock-Based Comp.

$47M

Balance Sheet

Total Assets

$23.8B

Total Liabilities

$21.5B

Stockholders' Equity

$2.3B

Cash & Equivalents

$373M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$5.1B	$5.1B	-0.5%
Gross Profit	$881M	$1.1B	-18.2%
Operating Income	$596M	$790M	-24.6%
Net Income	$503M	$485M	+3.7%

Revenue Segments

Reimbursements

$3.9B63%

Fee Service

$932M15%

Franchise

$502M8%

Management Service, Base

$430M7%

Owned, Leased and Other

$397M6%

MAR Q3 2018 Earnings — Marriott International, Inc. Revenue & Financial Results | Market Cap Arena